Exceptional 12-unit Investment Opportunity!

Rcently renovated w/exceptional cash flow and super low vacancy. Turn-key property priced under 100K per unit. Achieving an impressive 8.36 Cap rate with room to grow, GOI is 128, 015 and NOI is 100, 505. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 12 bd, separate coin-op laundry, 2 addit'l storage rms-future apt expansion?-and 5 off-street parking spots. 9 units are fully rehabbed w/3 needing further renovations & under market rent providing buyers with a extraordinary value-add & projected increase of addit'l income. Each unit separately metered for electric/gas. A full list of improvements is avail & incl new elec s ervice/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Lets discuss this rare opportunity & start collecting from your new passive income stream today!

Listed by Amber D. Corrow-Scott and Jamie Laabs.

Request Information
on 1216 8th Ave S
in Great Falls, MT
Presented by Amber D Corrow-Scott at
Fathom Realty.


Property MLS #30023833 from MontanaRegionalMLS

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+ Appliances

Range
Refrigerator
Laundry Features: CommonArea, Coinoperated

+ Heating and Cooling

Heating Features: ForcedAir, Gas
Heating: Yes

+ Land Info

Lot Size Acres: 0.344
Lot Size Source: PublicRecords
Lot Size Square Feet: 14985

+ Exterior and Lot Features

Street Additional Info: 1216-1220

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0
Pets Allowed: CatsOK, DogsOK

+ Multi-Unit Info

Number of Units: 12

+ Other Property Info

Annual Tax Amount: 7053.079999999
Source Listing Status: Active
County: Cascade
Directions: Google Maps
Tax Year: 2023
Source Property Type: ResidentialIncome
Parcel Number: 02301512413110000
Property Subtype: Apartment
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-26
$1,195,000
MontanaRegionalMLS

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Listing removed 2024-02-17
$0
MontanaRegionalMLS

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Price Changed 2023-08-09
$1,295,000
MontanaRegionalMLS

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Listed 2023-06-22
$1,395,000
MontanaRegionalMLS

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Sold 2020-10-29
$0
MontanaRegionalMLS

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Listing removed 2019-06-01
$0
MontanaRegionalMLS

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Listing removed 2019-01-22
$0
GreatFalls

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Listed 2018-09-11
$0
GreatFalls

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Listed 2018-09-11
$580,000
MontanaRegionalMLS

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Listing removed 2011-11-16
$575,000
GreatFalls

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Listed 2011-05-19
$575,000
GreatFalls

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Listing removed 2010-11-17
$475,000
GreatFalls

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Listed 2010-07-23
$475,000
GreatFalls

+ Building and Construction

Year Built: 1952
Building Area Source: PublicRecords
Building Area Total: 8000
Building Area Units: SquareFeet
Building Features: Storage
Building Name: Hillcrest Apartments
Construction Materials: Brick
Foundation Details: Slab
Levels: One
Property Age: 72
Roof: Rubber, RolledHotMop
Year Built Source: PublicRecords

+ Utilities

Sewer: PublicSewer
CableAvailable
ElectricityConnected
NaturalGasConnected
PhoneAvailable
Water Source: Public

+ Home Features

Security Features: CarbonMonoxideDetectors, SmokeDetectors

+ Display Complete School Details

Longfellow School is a public elementary school located approximately 0.2 miles away.
Map directions

Great Falls High School is a public high school located approximately 0.7 miles away.
Map directions

East Middle School is a public middle school located approximately 2.4 miles away.
Map directions

Our Lady Of Lourdes School is a private elementary and middle school located approximately 0.3 miles away.
Map directions